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Bank of America profit drops 18 percent on weak trading unit
NEW YORK (AP) — Bank of America‘s first-quarter profit fell more than 18 percent from a year earlier, hurt by weak performance in its global trading unit. The bank reported […]
BofA Plaza to undergo makeover
The Bank of America Plaza, one of Charlotte’s earliest symbols of Uptown renewal, is set to receive a $20 million makeover that will include expanding and renovating the main lobby […]
Bank of America profit grows, but says growth is a struggle
NEW YORK (AP) — Bank of America reported higher profits on better performance in consumer banking and lower costs, but the bank acknowledged that it is struggling to increase revenue […]
Fed approves new Bank of America capital plan
WASHINGTON – The Federal Reserve has approved Bank of America Corp.’s revised plan for building a sturdy capital base, saying the bank has made progress in filling gaps in its […]
Bank of America cutting about 100 jobs in Charlotte
CHARLOTTE, N.C. (AP) — Bank of America is cutting about 100 jobs in Charlotte. The Charlotte Observer reported that a bank spokesman said Wednesday that the latest cuts come as the […]
BofA posts 1Q profit of $2.98 billion
NEW YORK – Bank of America returned to profitability in the first quarter as the bank was able to move forward from its legal troubles last year. However, the results […]
BERKO: Bank of America: As American as Sicily
DEAR MR. BERKO: About five years ago, you recommended Bank of America when it was trading between $6 and $8 a share. I came very close to buying 200 shares […]
Council approves loan write-off on NASCAR Hall of Fame
CHARLOTTE – The City Council voted 10-1 Monday night in favor of paying Bank of America and Wells Fargo a total of $5 million in exchange for the two banks […]
BofA pledges $6 million to Habitat for Humanity
Bank of America on Monday announced a three-year, $6 million donation to Habitat for Humanity International. The announcement came during a week when the bank sponsored homebuilding events in Charlotte […]
Why Bank of America deal might not cost it $17B
WASHINGTON — How much will Bank of America‘s expected $17 billion mortgage settlement cost the company? The answer is, almost certainly not that much. In mega-settlements negotiated with the government, […]
BofA reaches $17B settlement with US
WASHINGTON — Officials familiar with the deal say Bank of America has reached a record $17 billion settlement with federal and state authorities over its role in the sale of […]
Fed gives BofA approval to up dividend to 5 cents
WASHINGTON (AP) — Federal regulators have given Bank of America a green light to proceed with a long-awaited dividend increase it had suspended because of a reporting error. The Federal […]
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